One of the most commonly pursued avenues to making money online from home would be through Forex trading. If you are new to online trading though you may quickly become overwhelmed by the vast number of Forex opportunities made available to you. At BinaryOptionsWatchDog.com we are dedicated to provide you with accurate reviews for legitimate investment brokers along with tested and verified service providers. Throughout the past 4 years we have exposed over 400 fraudulent online trading operations and have had the back of over 10,000 subscribers and we aren’t stopping now.
The focus of this page is to provide you with an outlet to reliable Forex brokers along with accurate service providers that have been proven to help you make money online from home. Now, if you are new to Forex, the best recommendation that we can make for you would be to get started with a Forex Demo Account. Getting accustomed to the style of Forex trading by testing out your strategies, software and service providers before getting started in a live investment scenario is always encouraged and can help you quite a bit in the long run.
What are Forex brokers?
Forex brokers are firms that provide traders with the ability to access a trading platform, which allows them to buy and sell foreign currencies. A currency trading broker, also referred to as a Forex broker, handles a minuscule portion of the volume in the overall foreign exchange market. This allows investors the ability to execute investments online with the foreign exchange markets. When narrowing down which Forex broker is right for your investing endeavors, it is crucial you only sign up with one that is regulated and legal where you reside. Below we have a list of regulated Forex brokers that are user-friendly and offer great trading tools!
How Do Forex (FX) Brokers Make Their Money?
Compared to binary option brokers that generate their revenue due to inaccurate predictions executed by their traders, Forex brokers make their money in a more systematic and ethical way. Forex brokers make their money by charging a transparent commission per trade or a spread. (A spread is the difference between the bid price and the ask price for a particular trade). So unlike binary options where you are trading against the broker, with Forex you are just being charged a very small fee while investing on the foreign exchange market.
What are Forex Service Providers?
Forex oriented investment opportunities that take the form of a trading software (can be semi-automated, an auto-trader or trade copier), a signal service or a downloadable charting solution with customized technical indicators and algorithms. The main function of these service providers would be to provide newbie and veteran online traders with an ability to accurately execute signals based upon the mechanics and method of signal creation generated. Due to the vulnerability of the online investment industry it has become a cesspool for online scammers who are determined to do nothing more than steal your money. Due to this reason we encourage you to only get started with accurate and verified service providers like the ones we have tested and provided to you below.
Can You Really Profit With Forex Service Providers?
As long as you get started with an accurate and proven service provider, you can effectively supplement your income between an additional couple hundred to a few thousand dollars per month. If you are unsure which Forex auto-traders, software or service providers are legitimate, we encourage you visit our complete list of the best and most accurate Forex service providers below. Each of these services have been vigorously tested and proven to help take your online trading to the next level!
At the moment our most recommended service at the moment would be Michael Freeman’s FREE manual signals group on Facebook.
Binary Option Trading Signals by Franco has been one of the best performing binary option and Forex signal services. Having more than 15 years of experience in the financial markets, Franco has perfected his trading system and has offered it to investors around the world in a live trading room where several hundred traders can reap the benefits of his signals. This currency pair oriented service provider has been providing consistent success rates over 70% over the past 6 years and offers between 7 to 15 investments per day! To learn more about this amazing signal service, read our complete BinaryOptionsTradingSignals Review and feel free to take advantage of their Free Trial!
GPS Forex Robot is a BEST SELLER!!! Proven and documented performance results on MyFXbook.com! This software has been around since 2006 and is highly endorsed on many Forex Forums and Portals. One-time Fee, no broker registration is required! Read our GPS Forex Robot Review.
Forex Trendy One of the cheapest and most popular price action services, available for FX and binary options traders. Get access to real-time, live charts with price action signals for 34 currency pairs. Audible and Email Signals are available. Get the Forex Trendy software for 3 months for only $37! Forex Trendy Review.
Best Forex Brokers for EU and the UK
Invest.com is hands-down the safest and most reliable online trading broker for traders in Austria, Switzerland, Germany, Denmark, Finland, UK, Hungary, Ireland, Iceland, Luxembourg, Netherlands, Norway and Sweden. Operating in compliance with 12 different regulatory agencies and regulated by CySEC, you know for certain that your hard-earned money is safe. Offering top of the line encryption and security, you can rest assured knowing your personal and financial is safe and won’t be sold off to the highest bidder. Feel free to read our in-depth Invest.com Forex Review.
EasyMarkets.com is one of the most trusted and rewarded brokers in the Forex industry. Regulated by CySEC under the License Number 079/07 this broker offers Forex, CFDs (Contracts-for-difference) and Vanilla Options investment options. Minimum investment amounts start as low as $25 while minimum deposit amount starts at $100. Multiple payment options are offered and withdrawals are executed under a 48 hour period. User-friendly with many special trading features makes this Forex broker a solid choice for European and UK traders looking to invest with Forex.
Best Forex Broker for Canada
MarketsYes is an FX industry technology leader and top rated company. A demo is available and the minimum deposit is only $250!
Best Forex Broker for Australia and New Zealand
Pepperstone.com – AU regulated, Forex and CFDs broker. Great for people in Australia, as well as Europe, Morocco, New Zealand, Qatar, Singapore, UAE and the UK.
WebTrade.online – Invest.com’s sister brand. Available in the following countries: UAE, Bahrain, Kuwait, Malaysia, Oman, Qatar, South Africa, Singapore and Thailand.
ForexMart – CySEC Regulated, operating in regulatory compliance with ACPR, BaFIN, FCA, ICF along with MiFID Directive. User-friendly trading platform, monthly investment competitions and exclusive platform incentives for deposits of $500 or more. Available in all countries, except for Japan and the US.
eToro – EU Regulated Forex social trading platform. Free demo account available.
In Chile and South America choose a Forex broker with a license from the SVS (Superintendencia de Valores y Seguros).
In South Africa, you need to look for a Forex broker with a license from the FSB (Financial Services Board).
The only country in the world which completely bans Forex trading (and binary options as well) at the moment would be Belgium.
List of Forex Brokers to Avoid
Important Risk Warning: Trading Forex can generate significant benefits but also involves a risk of partial or full funds loss and should be considered by initial investors. We strongly advise that you read our terms & conditions and disclaimer page before making any investment. Customers must be aware of their individual capital gain tax liability in their country of residence. BinaryoptionsWatchDog.com does not endorse unregulated trading in the United States or outside of the USA. If you are trading outside of US territories, we recommend EU regulated brokers to our website visitors. In the USA traders should not be solicited with brokers who are not regulated by the CFTC and SEC and based in the United States. Nadex.com is an example of a US based and regulated binary options exchange.
CFTC Warning for US Traders: The CFTC warns Forex and binary options traders not to trade with NON-US based and regulated brokers recognized by the CFTC. Most Forex and binary options brokers that are EU regulated are not regulated in the US. For more information on Binary Options and Forex trading in the US visit the CFTC Government Website.